Union Bancaire Privee UBP SA Grows Holdings in KE Holdings Inc. (NYSE:BEKE)

Union Bancaire Privee UBP SA raised its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 414.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 119,692 shares of the company's stock after buying an additional 96,436 shares during the quarter. Union Bancaire Privee UBP SA's holdings in KE were worth $2,354,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. FIL Ltd grew its stake in shares of KE by 21.1% during the 4th quarter. FIL Ltd now owns 25,847,478 shares of the company's stock worth $476,111,000 after purchasing an additional 4,503,902 shares during the period. Hhlr Advisors LTD. grew its stake in shares of KE by 3.6% during the 4th quarter. Hhlr Advisors LTD. now owns 11,261,276 shares of the company's stock worth $207,433,000 after purchasing an additional 392,588 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of KE by 111,822,650.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock worth $205,978,000 after purchasing an additional 11,182,265 shares during the period. Renaissance Technologies LLC grew its stake in shares of KE by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company's stock worth $150,228,000 after purchasing an additional 194,800 shares during the period. Finally, Norges Bank acquired a new position in shares of KE during the 4th quarter worth $130,167,000. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BEKE has been the topic of several recent research reports. Citigroup decreased their price objective on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research report on Friday, May 16th. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $22.10 to $23.00 in a research report on Friday, May 16th. Morgan Stanley boosted their price objective on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Wall Street Zen upgraded shares of KE from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $27.16.

KE Price Performance

NYSE:BEKE traded up $0.72 on Monday, reaching $19.19. The stock had a trading volume of 18,841,576 shares, compared to its average volume of 9,542,601. The company has a market cap of $23.19 billion, a price-to-earnings ratio of 39.17, a P/E/G ratio of 3.45 and a beta of -0.76. The firm's fifty day moving average is $19.35 and its two-hundred day moving average is $19.46. KE Holdings Inc. has a 12-month low of $12.92 and a 12-month high of $26.05.

KE Increases Dividend

The company also recently announced a -- dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were issued a $0.36 dividend. This represents a yield of 1.4%. This is a positive change from KE's previous -- dividend of $0.17. The ex-dividend date of this dividend was Wednesday, April 9th. KE's dividend payout ratio is 58.49%.

KE Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.